Friday, Sep 11, 2020

TOP STORIES

VIRUS OUTBREAK: JOBS IMPACT

SIA to eliminate 4,300 positions

BATTERED by the pandemic, Singapore Airlines (SIA) will cull 4,300 positions as a...

PUBLISHED Sep 11, 2020 05:50 AM
BT EXCLUSIVE

Buyers of Oxley's project in Cambodia withhold final payment in protest

SOME buyers of Oxley Holdings' The Peak, a mixed-use development in Cambodia, are...

PUBLISHED Sep 11, 2020 05:50 AM

How can gig workers be protected?

SLOWLY - and mostly digitally - some work is returning to the gig sectors that have...

PUBLISHED Sep 11, 2020 05:50 AM
BT EXCLUSIVE

Covid-19 renews Asia's focus on sustainable investing: UBS

THE ongoing pandemic has sparked Asia's renewed focus on sustainable investing (SI),...

PUBLISHED Sep 11, 2020 05:50 AM

Succession plans at financial firms part of new accountability guidelines from MAS

FRESH guidelines from the Singapore regulator on the financial industry state that...

PUBLISHED Sep 11, 2020 05:50 AM

Liew Mun Leong steps down from public-service and business roles

LIEW Mun Leong has stepped down from his public-service and business roles at the...

PUBLISHED Sep 11, 2020 05:50 AM

COMPANIES & MARKETS

Golden Agri eyes continued downstream diversification

A FALL in crude palm oil (CPO) prices in the first half of this year could make 2020...

PUBLISHED Sep 11, 2020 05:50 AM

AGV director in CAD probe maintains innocence, unwilling to step down

AGV Group's nominating committee (NC) on Thursday said that it had recommended that...

PUBLISHED Sep 11, 2020 05:50 AM

ESR and Sabana respond to questions from Sias over proposed merger

THE Securities Investors Association (Singapore), or Sias, said in a statement on...

PUBLISHED Sep 11, 2020 05:50 AM

Ascendas Reit to redeem S$300m 4.75% perps on first call date

THE manager of Ascendas Reit on Thursday said the real estate investment trust (Reit)...

PUBLISHED Sep 11, 2020 05:50 AM
BROKERS' TAKE

CapitaLand Mall Trust's portfolio metrics, merger benefits yet to be priced in: DBS

CAPITALAND Mall Trust's (CMT) improving portfolio metrics and merger benefits have not...

PUBLISHED Sep 11, 2020 05:50 AM

Darco minorities renew protests against deputy chairman

DARCO Water Technologies' minority shareholders have fired back at non-executive...

PUBLISHED Sep 11, 2020 05:50 AM

Corporate digest

INTEGRATED warehousing and logistics solutions provider GKE Corp has proposed to sell...

PUBLISHED Sep 11, 2020 05:50 AM
STOCKS

STI dips 0.3% on lingering aftershock of US tech rout

THE Singapore bourse continued its downward trajectory on Thursday, with the key...

PUBLISHED Sep 11, 2020 05:50 AM
CURRENCIES

Euro edges 0.2% higher ahead of ECB meeting

THE euro edged higher on Thursday against a weaker US dollar, but gains were capped by...

PUBLISHED Sep 11, 2020 05:50 AM

REAL ESTATE

Lendlease to set up product development centre in Singapore

INTERNATIONAL property group Lendlease on Thursday said it will set up a S$40 million...

PUBLISHED Sep 11, 2020 05:50 AM

Chinese property firms weigh cutting prices after Evergrande's deep discounts

COUNTRY Garden, China's top property developer, and smaller real estate firms are...

PUBLISHED Sep 11, 2020 05:50 AM

US sells Hong Kong consulate staff compound for HK$2.57b

THE United States consulate in Hong Kong has sold a property used as staff...

PUBLISHED Sep 11, 2020 05:50 AM

UK property funds holding £12b face reopening dilemma

THE UK's biggest property funds for mom-and-pop investors that were locked at the peak...

PUBLISHED Sep 11, 2020 05:50 AM

JC Penney reaches tentative rescue deal

JC PENNEY has reached a tentative deal with landlords and lenders valued at US$1.75...

PUBLISHED Sep 11, 2020 05:50 AM

Mortgage cravings keep Saudi credit humming

SAUDI Arabia's mortgage market is almost single-handedly keeping credit flowing to the...

PUBLISHED Sep 11, 2020 05:50 AM

BANKING & FINANCE

StanChart's Judy Hsu to head new global business unit

STANDARD Chartered veteran Judy Hsu will be moved to a global role from Jan 1, 2021....

PUBLISHED Sep 11, 2020 05:50 AM

Citi picks Jane Fraser to succeed Corbat as CEO

CITIGROUP Inc chief executive officer Michael Corbat will step down in February 2021,...

PUBLISHED Sep 11, 2020 05:50 AM

Credit Suisse to launch fintech rival digital banking app in Oct

CREDIT Suisse will launch a digital banking app in October challenging fintechs like...

PUBLISHED Sep 11, 2020 05:50 AM

Lloyd's of London says Covid claims could reach £5b

THE coronavirus bill for insurers continues to mount with Lloyd's of London saying it...

PUBLISHED Sep 11, 2020 05:50 AM

Bank Negara holds interest rates on tentative signs of recovery

MALAYSIA'S central bank kept its key interest rate steady at a record low on Thursday...

PUBLISHED Sep 11, 2020 05:50 AM

ENERGY & COMMODITIES

BP to spend US$1.1b to enter offshore wind with Equinor

BP entered the offshore wind market on Thursday with a US$1.1 billion deal to buy 50...

PUBLISHED Sep 11, 2020 05:50 AM

Greenhouse gases hit new record despite lockdowns, UN says

CONCENTRATIONS of greenhouse gases in the Earth's atmosphere hit a record high this...

PUBLISHED Sep 11, 2020 05:50 AM

BHP will tie CEO bonus to success in cutting customer emissions

BHP Group will link a portion of bonus payments for chief executive officer Mike Henry...

PUBLISHED Sep 11, 2020 05:50 AM

TECHNOLOGY

Huawei to launch Harmony OS on smartphones next year

HUAWEI Technologies plans to introduce its Harmony operating system, seen as the...

PUBLISHED Sep 11, 2020 05:50 AM

EU urges Facebook, Google, Twitter to do more against fake news

TWO years after agreeing to a self-regulatory code of practice to tackle...

PUBLISHED Sep 11, 2020 05:50 AM

Walmart tests drone delivery as fight with Amazon heats up

WALMART Inc is entering the drone delivery wars, its latest move to counter Amazon.com...

PUBLISHED Sep 11, 2020 05:50 AM

CONSUMER

Deadly hog fever threatens to disrupt Germany's pork exports

A DEADLY pig disease has just entered Germany for the first time, threatening to...

PUBLISHED Sep 11, 2020 05:50 AM

S Korean firm invents mask with 2 fans and air filter

A SOUTH Korean company has invented a battery-powered filtered face mask designed to...

PUBLISHED Sep 11, 2020 05:50 AM

Impossible Foods launches plant-based sausage product in HK

PLANT-BASED burger maker Impossible Foods said on Thursday it would start selling its...

PUBLISHED Sep 11, 2020 05:50 AM

TRANSPORT

Chinese EV makers' Tesla-like stock rally leaves market watchers puzzled

A METEORIC rise by Chinese electric-vehicle (EV) stocks that disrupted market-value...

PUBLISHED Sep 11, 2020 05:50 AM

US set to end enhanced screening of some global travellers for Covid-19: sources

THE US government is set to end enhanced screening of some international passengers...

PUBLISHED Sep 11, 2020 05:50 AM

GOVERNMENT & ECONOMY

Pompeo calls on S-E Asia to stand up to China, shun its state-owned firms

THE United States' top diplomat on Thursday urged South-east Asian countries to stand...

PUBLISHED Sep 11, 2020 05:50 AM

ECB less pessimistic on 2020 downturn despite virus 'headwinds'

EUROPEAN Central Bank chief Christine Lagarde on Thursday said the eurozone's pandemic...

PUBLISHED Sep 11, 2020 05:50 AM

Thai hospitals, companies hit by cyber attacks

HOSPITALS and companies in Thailand were hit by hackers who held their computer...

PUBLISHED Sep 11, 2020 05:50 AM

New York to mark 9/11 anniversary amid pandemic

WITH crime on the rise, shops and apartments increasingly vacant and homeless people...

PUBLISHED Sep 11, 2020 05:50 AM

Jakarta doctors warn of buckling health system

DOCTORS in Indonesia's capital warned on Thursday that the novel coronavirus pandemic...

PUBLISHED Sep 11, 2020 05:50 AM

LEADERSHIP & MANAGEMENT

LEADING THROUGH DISRUPTION

Mentoring: fastest growing business in the world

WELL, I would say that, wouldn't I? We're in the mentoring business ourselves. But it'...

PUBLISHED Sep 11, 2020 05:50 AM

The challenges of moving a business out of crisis mode

YOU cannot sustain a crisis mode forever, Julie Sweet observes, on one of the video...

PUBLISHED Sep 11, 2020 05:50 AM

OPINION

The year of reckoning for global food systems

AROUND the world, lockdowns imposed to control the spread of Covid-19 pushed many...

PUBLISHED Sep 11, 2020 05:50 AM

Rail transportation has an important role to play in South-east Asia

TRANSPORTATION is critical to the continuing rapid growth of South-east Asia's...

PUBLISHED Sep 11, 2020 05:50 AM

Lifestyle

The new office plan

AS the global pandemic continues to reshape lives in the new normal, so too has the...

PUBLISHED Sep 11, 2020 05:50 AM
WATCHES

An all-killer, no-filler line-up from Rolex

Divers' watches don't get more iconic than a Rolex Submariner. For 2020, Rolex has...

PUBLISHED Sep 11, 2020 05:50 AM
BUZZ!

What's Up This Week

WHEN The Peak first began thinking about its revamp, it thought about the values that...

PUBLISHED Sep 11, 2020 05:50 AM
BOOKS

Surviving a financial meltdown

RECENTLY, a 2014 novel titled Station Eleven and written by Emily St John Mandel...

PUBLISHED Sep 11, 2020 05:50 AM

Young, bold voices at Gillman Barracks

IN this pandemic, young Singapore visual artists have unexpectedly come to the fore,...

PUBLISHED Sep 11, 2020 05:50 AM
TV

Raised By Wolves delights - then degenerates

RIDLEY Scott knows science fiction. As the director of Blade Runner (1982), The...

PUBLISHED Sep 11, 2020 05:50 AM

Hashida makes a comeback

BY traditional - read rigid, "a rule is a rule but I don't know why" - Japanese...

PUBLISHED Sep 11, 2020 05:50 AM

Finding the heart of Zinfandel

THE comment from Preston G of San Francisco seemed dismissive and definitive. Over the...

PUBLISHED Sep 11, 2020 05:50 AM

BREAKING NEWS

Sep 19, 2020 02:45 PM

McDonald's ex-CEO says he shouldn't have to return severance

[CHICAGO] Former McDonald's Corp chief executive officer Steve Easterbrook said the restaurant chain shouldn't be...

Sep 19, 2020 02:45 PM

IPO frenzy this week nets billions for venture-capital backers

[NEW YORK] Billions of dollars could be on the way to Sand Hill Road this week, home base for Silicon Valley's...

Sep 19, 2020 02:15 PM

Ginsburg successor could shift law on abortion, healthcare act

[WASHINGTON] A conservative successor to Justice Ruth Bader Ginsburg would move the US Supreme Court closer to...

Sep 19, 2020 02:00 PM

US says UN sanctions on Iran to be reimposed Saturday. What does that mean?

[NEW YORK] US President Donald Trump's administration says that on Saturday (2000 EDT/0000 GMT Sunday) all United...

Sep 19, 2020 01:54 PM

TikTok sues Trump administration to block US ban

[WASHINGTON] TikTok asked a federal judge in Washington to block the Trump administration from enacting a ban on the...

Sep 19, 2020 01:50 PM

China's commerce ministry issues rules on 'unreliable entities' list

[BEIJING] China's commerce ministry on Saturday issued rules on its proposed list of "unreliable entities", part of...